Oil drops as U.S.-China standoff extends beyond trade
LONDON/SINGAPORE (Reuters) - Oil prices edged lower on Thursday as fresh tensions between the United States and China over protests in Hong Kong fueled concern that a deal to end a trade war between the world’s top two economies may be further delayed.
Brent crude LCOc1 fell 44 cents, or 0.7%, to $61.96 a barrel by 0951 GMT, while West Texas Intermediate crude CLc1 was down 36 cents, or 0.6%, at $56.65.
Both benchmarks had risen strongly on Wednesday due to bullish data on U.S. crude inventories.
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